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Propaganda machine go brrrrr (thelemmy.club)
submitted 3 weeks ago by [M] to c/latestagecapitalism@lemmy.world
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[–] 5 points 3 weeks ago (1 child)

It can temporarily but what is happening to all of those things (dismantling of social pension, destruction of unions, continually rolling back labor rights, etc) is an inherent and natural conclusion of capitalism

By accruing capital as the goal you will inherently incentivize consolidation and open many avenues for corruption. Even if you said “capitalism but no billionaires” or some other regulation all it takes is time. People who reach the max will cheat to gain even more, whether that’s hiding wealth, exerting pressure on politicians to change laws to their favor, etc. you’re handing control of the state to the wealthy

The things you described happen in spite of capitalism and the natural conclusion is that they will be dismantled to serve a select few extremely greedy individuals who would rather increase net wealth by 0.02% than stop scores of people from suffering

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  • [–] 0 points 3 weeks ago

    That is very much not a necessity - it is out current Situation and it is easy to think/feel it is 'inevitable' but we shoukdnt forget that Ehen the industrial Revolution (and therby the Basis of modern capitalism) bot rolling 90℅ of people in those countries Were Leading lives in (to us) unimaginable squalor and in basically all countries the buttom 2/3 of the countries Were either not allowed to vote or had their votes count less than that of the rich.

    Still they managed to achieve better wages more democracy, coops that still persist to this day (e.g. the Genossenschaftsbanken in Germany, Migros in switzerland, Mondragon in Spain, and many more) , social security and much more. It is within living memory thst the top marginal taxrate in the US was 90% It may feel inevitable that capital concentrates at the top but it isnt - the time before World war 1 and especially the time after world war 2 show that And it is defeatist to assume that change cannot be attained just cause it is hard.

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